Total Developments Ltd - Limited company - abbreviated - 11.9

REGISTERED NUMBER: 05624248

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 MAY 2015

FOR

TOTAL DEVELOPMENTS LTD

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

Mr A Savva

Mrs D Savva

SECRETARY:

Mr A Savva

REGISTERED OFFICE:

869 High Road

London

N12 8QA

REGISTERED NUMBER:

05624248

ACCOUNTANTS:

EAGK LLP

Chartered Accountants

869 High Road

London

N12 8QA

CURRENT ASSETS

Stocks

-

31,957

Debtors

1,012,726

801,665

Cash at bank

332

96,629

1,013,058

930,251

CREDITORS

Amounts falling due within one year

67,529

58,318

NET CURRENT ASSETS

945,529

871,933

TOTAL ASSETS LESS CURRENT LIABILITIES

945,529

871,933

CAPITAL AND RESERVES

Called up share capital

2

1,000

1,000

Profit and loss account

944,529

870,933

SHAREHOLDERS' FUNDS

945,529

871,933

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2015 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 16 September 2015 and were signed on its behalf by:

Mr A Savva - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance

with the Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover represents net sales of services, excluding value added tax and the value of services

provided under contracts to the extent that there is a right to consideration and is recorded at the value

of the consideration due.

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

Long term contracts

The amount recoverable on each long-term contract is based on stage of completion, by calculating

costs incurred to date as a percentage of total costs, less any provision for known or anticipated losses

and progress payments received and receivable.

Where the outcome of incomplete contracts can be assessed with reasonable certainty the attributable

profit or loss is recognised in the profit and loss account as an appropriate proportion of the estimated

profit for that contract.The amount by which turnover is in excess of progress payments received and

receivable is classified as amounts recoverable on contracts.

2.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

£

1,000

Ordinary

£1

1,000

1,000

3.	TRANSACTIONS WITH DIRECTORS

The following loan to a director subsisted during the year ended 31 May 2015 and the period ended

31 May 2014:

2015

2014

£

£

Mr A Savva

Balance outstanding at start of year

153,443

756,650

Amounts repaid

(1,124,145

)

(603,207

)

Balance outstanding at end of year

975,221

153,443

During the period, the company charged interest to the director on his overdrawn loan account, at the

official rate, an amount of £12,055 (2014: £22,831)..